261 Water Street, New York, NY 10038
Price: $51,000/month
Size: 6,062 sq ft
Type: Retail / Commercial Storefront
Location: Seaport District – Downtown Manhattan / South Street Seaport Corridor
Location Description
Located in the heart of Downtown Manhattan’s Seaport District, 261 Water Street offers a rare large-format retail opportunity in one of New York City’s most historic and fast-evolving waterfront neighborhoods. Water Street sits just blocks from the South Street Seaport and the East River, benefiting from a strong mix of local residents, office workers, hotel guests, and destination visitors drawn to the area’s shopping, dining, and waterfront attractions.
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This location positions a brand in a high-visibility corridor that connects the Financial District with the Seaport’s retail and entertainment core—an ideal setting for experiential retail, flagship concepts, wellness/fitness, and food-and-beverage operators seeking strong neighborhood density and steady daily activity.
Transportation
The property is surrounded by major subway lines and commuter access:
- Fulton Street Transit Center (2, 3, 4, 5, A, C, J, Z + PATH nearby)
- Wall Street (2, 3) and (4, 5)
- South Ferry / Whitehall (1, R, W) nearby
- Multiple bus routes through Downtown
- Quick access to the FDR Drive, Brooklyn Bridge, and Manhattan Bridge
- Close proximity to the NYC Ferry at Pier 11/Wall St (depending on exact pier access)
Neighborhood Highlights
The surrounding area features:
- South Street Seaport / Pier 17 destination shopping and events
- A dense concentration of Financial District offices and new residential towers
- Major hotels, tourism traffic, and waterfront promenade activity
- Growing luxury and lifestyle retail presence in the Seaport/Fidi corridor
- Close proximity to Stone Street, One World Trade, and major landmarks
Business Advantages
- Large 6,062 sq ft footprint—rare for Downtown retail
- Strong visibility in a high-traffic Seaport/Fidi corridor
- Excellent access to multiple subway lines and commuter flow
- Ideal for experiential retail, showroom, fitness/wellness, or high-volume concepts
- Benefits from both weekday office population and weekend visitor traffic
Summary
261 Water Street presents a standout opportunity to lease 6,062 sq ft of retail space for $51,000/month in Downtown Manhattan’s Seaport District. With excellent transit connectivity, steady local and visitor foot traffic, and a prime location between the Financial District and South Street Seaport, this space is well-suited for brands seeking visibility, scale, and a dynamic waterfront-driven customer base.
